Think RMB.
Invest your excess cash in US dollars

Dollar Custodial Certificate

DCC 10-year US Treasury bond NAV: R1,280.05*

DCC 2-year US Treasury bond NAV: R1,313.65*

RMB offers you South Africa’s first US Treasury bond custodial certificates. This investment, listed on the JSE in the ETF sector, is suitable for businesses and private individuals. Think of it as your online safety deposit box for US Treasury bonds. You can invest your excess cash in US dollars, earn an income stream in US dollars and protect your savings against a weakening rand all via the JSE**.

Your investment capital credit exposure is directly to the US Federal Reserve — therefore, you avoid the credit risk associated with a normal foreign currency bank account. Businesses and individuals may invest without limit, enabling excess cash to be dollarized. The DCCs are liquid and freely traded, making them an ideal working capital solution. Your investment performance is directly related to the USD/ZAR exchange rate and the price performance of US Treasury bonds.

RMB has also added a 2-year US Treasury Bond certificate (JSE Code: DCCUS2), which caters for investors who would prefer a bond with a lower duration, i.e. minimal capital fluctuation but lower coupon rate. The DCCUS2 price is driven almost exclusively by the USD/ZAR exchange rate, with minimal influence from US interest rates


DCC: 10-year US Treasury bond DCC: 2-year US Treasury bond
  • Changes in US interest rates may affect the capital value
  • Coupon rate of interest is high
  • Liquid, can be sold with low transaction costs at any time
  • Changes in US interest rates will have a minor effect on capital value
  • Coupon rate of interest is lower
  • Liquid, can be sold with low transaction costs at any time

NOTE:
* Rate is closing price from the day before and is updated at 11am each day
** Quoted and settled in ZAR at all times


DCC: 10-year US Treasury bond




DCC: 2-year US Treasury bond




Contact Call +27 11 269 9140 for more information
   
View Offering Circular DCCUSD
   
Offering Circular DCCUS2